Macy (UK) Market Value
| 0JXD Stock | 16.06 0.05 0.31% |
| Symbol | Macy |
Macy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Macy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Macy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Macy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Macy Inc or generate 0.0% return on investment in Macy over 30 days. Macy is related to or competes with Coeur Mining, Mercantile Investment, Silvercorp Metals, British American, Metals Exploration, Federal Realty, and Blackrock World. Macy is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Macy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Macy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Macy Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.42 |
Macy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macy's standard deviation. In reality, there are many statistical measures that can use Macy historical prices to predict the future Macy's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2195 |
Macy Inc Backtested Returns
Currently, Macy Inc is not too volatile. Macy Inc has Sharpe Ratio of 0.0421, which conveys that the firm had a 0.0421% return per unit of risk over the last 3 months. We have found thirty technical indicators for Macy, which you can use to evaluate the volatility of the firm. Please verify Macy's Downside Deviation of 1.95, risk adjusted performance of 0.0335, and Mean Deviation of 1.6 to check out if the risk estimate we provide is consistent with the expected return of 0.0897%. Macy has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Macy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Macy is expected to be smaller as well. Macy Inc right now secures a risk of 2.13%. Please verify Macy Inc downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Macy Inc will be following its current price movements.
Auto-correlation | 0.19 |
Very weak predictability
Macy Inc has very weak predictability. Overlapping area represents the amount of predictability between Macy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Macy Inc price movement. The serial correlation of 0.19 indicates that over 19.0% of current Macy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Macy Inc lagged returns against current returns
Autocorrelation, which is Macy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Macy's stock expected returns. We can calculate the autocorrelation of Macy returns to help us make a trade decision. For example, suppose you find that Macy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Macy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Macy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macy stock over time.
Current vs Lagged Prices |
| Timeline |
Macy Lagged Returns
When evaluating Macy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macy stock have on its future price. Macy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Macy autocorrelation shows the relationship between Macy stock current value and its past values and can show if there is a momentum factor associated with investing in Macy Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Macy Stock Analysis
When running Macy's price analysis, check to measure Macy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macy is operating at the current time. Most of Macy's value examination focuses on studying past and present price action to predict the probability of Macy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macy's price. Additionally, you may evaluate how the addition of Macy to your portfolios can decrease your overall portfolio volatility.